https://www.taxtmi.com/caselaws?id=299718 The Tribunal approved the Resolution Plans for the interlinked companies, Metallics and Value Steel, submitted by the Consortium of Carval Investors LLP and Nithiya Capital Resources Advisors LLP, which had been endorsed by the Committee of Creditors with 88.9% votes. The Tribunal dismissed objections from the unsuccessful Resolution Applicant and Operational Creditors, including allegations of discrimination and material suppression of facts. It upheld the commercial decisions of the CoC, granted certain concessions and exemptions to the Successful Resolution Applicant, and confirmed compliance with the Insolvency and Bankruptcy Code, 2016. Objections regarding conditional offers and CCI approval were also dismissed, affirming the procedural integrity of the Resolution Plans. en-us Wed, 06 May 2020 00:00:00 +0530 Mon, 27 Dec 2021 06:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299718 The Tribunal approved the Resolution Plans for the interlinked companies, Metallics and Value Steel, submitted by the Consortium of Carval Investors LLP and Nithiya Capital Resources Advisors LLP, which had been endorsed by the Committee of Creditors with 88.9% votes. The Tribunal dismissed objections from the unsuccessful Resolution Applicant and Operational Creditors, including allegations of discrimination and material suppression of facts. It upheld the commercial decisions of the CoC, granted certain concessions and exemptions to the Successful Resolution Applicant, and confirmed compliance with the Insolvency and Bankruptcy Code, 2016. Objections regarding conditional offers and CCI approval were also dismissed, affirming the procedural integrity of the Resolution Plans. Case-Laws Law of Competition Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299718